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Trading strategy for the day on July 5th
BTC Good afternoon, brothers and sisters! It's been raining recently, but we finally had a few sunny days. I went out for a bike ride. I shared my trading thoughts with fans at 9 AM this morning. The weekend usually doesn't see much volatility; it's a boring market! I suggest everyone take a break! Or if you really want to trade, the weekend market is very friendly for beginners because there's little volatility! Even if you buy in the wrong direction, it won't suddenly swing up and down, catching you off guard! Back to the market! Everyone remember the level of 108500! This is the support price at the bottom of the oscillation range for this round of upward movement!
Short selling ideas: 108300, 108500, (stop loss 108800)
Long strategy: 107200, 106500, 105500 (if it falls below 105000 and rebounds do not come back, then cut losses)
Notice ⚠️: Only if the price rebounds and stabilizes at 108500 can the market continue to rise. It doesn't matter whether that big whale will crash the market! With this volume of BTC, if they were to crash the market, the price would already be around 100,000! Large holders will only sell while pushing the price up! This is the only way to ensure the quality of their sales! Currently, the market sentiment is very bearish! The market will educate those who are unconvinced!
ETH is also rebounding along with Bitcoin. Everyone just needs to remember the price of 2585! A rebound that breaks through and stabilizes at this price indicates strong bullish momentum!
Short selling ideas: 2530, 2550! (Stop loss around 2570)
Long strategy: 2480, 2450, 2430! (Ethereum likes to spike, so everyone should be a bit cautious with the prices! It's not so precise to hit these levels.)
SOL is fierce when it rises and remains fierce when it falls! Yesterday it also retraced to the support level around 145 that I posted, and then it started to rebound! Currently, the rebound strength is relatively weak! Only by breaking through the daily resistance level of 151 will the bullish momentum increase!
Short selling ideas: 148, 151, 153
Long position ideas: 145, 142, 140 (Remember to set a stop loss when entering a position!)